Having a AL-created LLC might require you to have an in-state agent for service of process, whereas filing as foreign, maybe you don't need an in-state agent.Also, a point of caution - Bigger Pockets is a great way to get good information but California does not recognize series LLCs. 

Your recognized capital gain upon sale is $75,000 (710k - 635k = 75k) and may pay long term cap gains tax on that of 0-20% for federal and up to 13.3% in California depending on your tax bracket; 33.3% basically on the high end.  

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.

I'm not sure if it's the color of the sign or because folks don't recognize them as being the same message as the white signs; but, I've noticed that significant drop.

There seems to be no let up of population, rent & job growth, for years to come, either.Arizona Wins 2021 “Gold Shovel” Award Recognizing High-Impact Economic Development Efforts (azcommerce.com)

Problem is, not everyone sees the disruption happening, they wait until it is over to recognize it.  

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.

LolThe reason I ask is I want to know: How long does it take for a bank to recognize the revenue that comes from a cash flow positive property?

Example: I did not care about permits for the first few houses I worked on and I did not know enough to see/ recognize good work.  

Even if the deal wont work out, the effort of analyzing it will help you recognize a good deal when you see it.Make sure you have specific search criteria you are interested in to filter on, otherwise your head will be spinning with all the active listings.